Accounting Firms Should Think Twice About Leasing Solar Panels
KPMG Study Reveals Surprising Plan for ESG Spending by Companies
French Companies Trade U.S. Tax Credits to Spur Renewable Projects
Patriot Software to Host Webinar on 401(k) Benefits
Government Shutdown Could Cause Havoc for Tax Season
According to IRS Commissioner Danny Werfel, the agency could still maintain some operations, depending on the length of a government shutdown.
There’s Still Time to Claim Unpaid Economic Stimulus Payments
Not everyone who was entitled to an EIP was able to collect the full amount they were owed. Either they didn’t receive the correct amount or they didn’t get a payment at all.
Congress is Eyeing Several Tax Changes for 2024
Lawmakers will negotiate a raft of potential tax changes when Congress returns in January. Here's a look at what could be included.
U.S. Boosts Wind Power, Sets Oil Production Record
The U.S. is still on track to set a new annual oil production record in 2023. One forecast: 12.4 million barrels per day, just above 2019’s 12.3 million bpd.
IRS Issues Guidance on Tax Credit for Clean Hydrogen Production
The Inflation Reduction Act (IRA) of 2022 provides a production credit for each kilogram of qualified clean hydrogen produced by a taxpayer at a qualified clean hydrogen production facility.
Bill Would Give Tax Credits for Rare Earth Magnets Made in the U.S.
The legislation would provide a $20 per kilogram production tax credit for rare earth magnets manufactured in the United States.
Republicans Protest Biden’s IRS Threshold Requirement for Online Purchases
The IRS said last week it is once again delaying implementation of the new $600 1099-K threshold for tax year 2023.
What Cannabusinesses Need to Know About the Potential Schedule III Drug Classification
The reclassification of cannabis will allow cannabis businesses to benefit from these tax credits and initiatives for programs or systems that many are already implementing.